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PRESIDENTIAL DECREE OF THE AZERBAIJAN REPUBLIC

of December 26, 2005 No. 341

About approval of the Regulations on Tariff (price) council of the Azerbaijan Republic

(The last edition from 16-08-2016)

For the purpose of ensuring execution of Item 4.2 of the Presidential decree of the Azerbaijan Republic "About strengthening of anti-inflationary actions in the Azerbaijan Republic" of May 31, 2005 I decide No. 242:

1. Approve "Provision on Tariff (price) council of the Azerbaijan Republic" it (is applied).

2. Approve Structure of Tariff (price) council of the Azerbaijan Republic it (is applied).

3. Charge to the Cabinet of Ministers of the Azerbaijan Republic within two months:

3.1. provide to the President of the Azerbaijan Republic offers on ensuring compliance of the legal acts which are in force to this Decree;

3.2. provide compliance of regulatory legal acts of the Cabinet of Ministers of the Azerbaijan Republic and the relevant central executive bodies to this Decree;

3.3. resolve the issues connected with creation of the Secretariat of Tariff (price) Council of the Azerbaijan Republic and the organization of its activities;

3.4. approve together with the relevant state bodies "Procedure for Ensuring the State Control over Forming and Application of Rates (Prices) to Which State Regulation Is Applied" and report about it to the President of the Azerbaijan Republic;

3.5. within the powers to resolve other issues following from this Decree.

4. Tariff (price) Council of the Azerbaijan Republic shall submit two times a year to the President of the Azerbaijan Republic the report on the works done in connection with price regulation (rates) for goods (works, services), the prices for which are regulated by the state.

5. This Decree becomes effective from the date of publication.

President of the Azerbaijan Republic

Ilham Aliyev

Approved by the Presidential decree of the Azerbaijan Republic of December 26, 2005 No. 341

Regulations on Tariff (price) council of the Azerbaijan Republic

I. General provisions

1.1. Tariff (price) council of the Azerbaijan Republic (further Council) - the collegiate organ of the executive authority performing except as specified, established by the President of the Azerbaijan Republic, state regulation of the prices (rates), remunerations for services, charges (further - the prices) to which state regulation is applied.

1.2. Council are guided in the activities by the Constitution of the Azerbaijan Republic, the laws of the Azerbaijan Republic, decrees and orders of the President of the Azerbaijan Republic, resolutions and orders of the Cabinet of Ministers of the Azerbaijan Republic, international treaties which participant is the Azerbaijan Republic, and this Provision.

1.3. Council performs the activities in interrelation with central and local executive bodies, business entities, local government bodies, and also public organizations.

II. Obligations of Council

2.1. Fundamental obligations of Council are:

2.1.1. perform price regulation, subject to state regulation according to the legal acts of the Azerbaijan Republic which are in force;

2.1.2. adopt the relevant acts on price regulation (the choice of method of regulation, consideration, discussion of offers, preparation, approval, application, project change, etc.);

2.1.3. do suggestions for improvement legislative and regulatory framework of state regulation of the prices, to pricing and rates, to strengthening of the state control over their application;

2.1.4. in case of phase-out of stated prices by violation of the legislation which is in force to make decisions, to do offers on application in this sphere of penalties and sanctions;

2.1.5. do offers on reduction of the expenses having significant effect on regulated prices;

2.1.6. give interpretation and perform other actions for regulated prices;

2.1.7. give to relevant organs of the offer on introduction of amendments and changes in the list of products (works and services) of subjects monopolists, the prices for which are subject to state regulation;

2.1.8. prepare offers on provision to separate groups of producers, organizations and the organizations of price concessions, and also determination of limits and regulations;

2.1.9. represent data to mass media about the works which are carried out on state regulation of the prices, need, the purpose and possible results of regulation;

2.1.10. represent the Azerbaijan Republic in the international and regional organizations, scientific and practical conferences and seminars for price regulation;

2.1.11. according to the legislation to carry out other obligations.

III. Rights of Council

3.1. For implementation of the obligations Council has the following rights:

3.1.1. according to the procedure, established according to the approved working plan to receive on the questions relating to powers of Council, necessary documents and data from state bodies, organizations and the organizations irrespective of their pattern of ownership and form of business;

3.1.2. attract on meetings of Council and Secretariat of Council of experts and consultants and to perform other actions in connection with the questions considered in Council;

3.1.3. carry out monitoring of execution of decisions of Council and perform necessary actions for elimination of negative circumstances;

3.1.4. make the decision on suspension of the decision of Council, prolongation of its term;

3.1.5. conduct researches and analyses on establishment of economic justification, rationality of the prices, their optimality from the point of view of market requirements and consumer capability;

3.1.6. create the commissions and working groups for the purpose of increase in productivity of work of Council, implementation of flexible regulating actions;

3.1.7. according to the legislation to perform other rights.

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